Clayton, Dubilier & Rice, LLC
We are a global investment firm that invests in and builds valuable businesses.
- Regulatory AUM
- $87B
- PE fund assets
- $86B
- PE funds
- 42
- Investments held
- 2 of 47
- Deals, last 12 months
- 1
128 additional team members, 28 additional counterparties and placement agents, 122 additional funds, deals and LP commitments, 24 events
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- +4funds on Form ADV
Private equity funds on its Form ADV went from 38 to 42 (+4).
New vehicles are a new flagship's feeders, parallels and co-invest sleeves being stood up: capacity arriving before the capital is announced.
People to know
View all people- Chief Executive OfficerWhy: Runs the firm (chief executive or president)No route on file yet
Capital path
who backs this record, through what, into what; each name opens its own path- California State Teachers' Retirement System$1.1B disclosed
- California Public Employees' Retirement System$650M disclosed
- Washington State Investment Board$240M disclosed
- J.P. Morgan Securities LLCplacement agent, 5 shared
- Lazard Freres & Co. LLCplacement agent, 4 shared
- HMC Itajubáplacement agent, 3 shared
Relationship network
271 connected entities5 observed deals1 repeat counterparty3 dated deals shown here, 2023 to 2025
From announced deals and their parties, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the private equity graph. Dollar figures appear only where a source disclosed one.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the deals and sources behind it. Line weight is deals together; dashed lines are inferred.
- Company
- Service provider
- Capital provider
- Fund or vehicle
- Person
›How strength and recency are read
Strength is read from the deals: three or more is a strong observed relationship, two a repeat counterparty, one a single interaction. People and vehicles are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Classification, Form ADV and stated criteria
Classification, Form ADV and stated criteria
How this organization is classified, and on what basisBuyout firm · 2 in historyShowHide
- Class
- Buyout firmconfirmed, confidence 85%
- Basis
- 65 of 65 distinct vehicles are sworn Private Equity Funds; 43 reported gross assets on a filing in 2022 or later
- Size band
- Large capdefined by: proxy: $85.98bn Private Equity Fund GAV on the Form ADV filed 2026-04-16
- Strategies
- Secondaries
Classification history (2)
- Sep 23, 2026Buyout firm (confirmed, 85%)65 of 65 distinct vehicles are sworn Private Equity Funds; 43 reported gross assets on a filing in 2022 or later
- Sep 13, 2026Buyout firm (confirmed, 85%)61 of 61 distinct vehicles are sworn Private Equity Funds; 39 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)RAUM $87B · 42 PE funds · filed Apr 16, 2026ShowHide
- Adviser type
- Registered investment adviser
- Form ADV filings
- Feb 11, 2012 to Apr 16, 2026
- RAUM
- $87Bregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 42
- PE fund GAV, latest filing
- $86Breported gross assets (Form ADV), not fund size
- All private fund GAV
- $86Bevery private fund type, latest filing
- 2024 PE fund GAV
- $86Bsum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 100%
- Fund type mix
- Private equity fund: 42 funds, $86B reported gross assets, 65 ever reported
- Employees
- 209
- Headquarters
- New York, NY
Stated criteria beside observed behaviour3 of 8 criteria stated · 48 observed dealsShowHide
- Sectors
- Business services, industrials, healthcare, technology, consumer, financial services
- Geography
- North America, Europe
- Revenue
- not stated or not yet read
- EBITDA
- not stated or not yet read
- Enterprise value
- not stated or not yet read
- Equity check
- not stated or not yet read
- Control
- not stated or not yet read
- Thesis
- We invest through a single fund structure, encouraging strong alignment across our team and our investors.
- On record
- 48 companies, 47 holdings, 5 transactions
- Period
- 2020 to 2025 (9 dated observations, 43 holdings undated)
- Most deals
- Aerospace defense (1 of 48, e.g. Pursuit Aerospace), healthcare IT (1 of 48), industrial services (1 of 48)
- Subsectors
- Aerospace defense (1 of 48), healthcare IT (1 of 48), industrial machinery repair (1 of 48)
- Deal roles
- 2 platforms, 45 with role not stated
- Control
- 2 control, 45 not stated
- Disclosed deal values
- 4 deals with a disclosed value, $368M to $10B
- Where
- Ca (1 of 48)
- By year
- 2022: 2 other deals; 2023: 1 platform, 1 other deal; 2025: 1 platform
48 companies on the graph (5 transactions); most in aerospace defense (1); 2 platforms and 0 add-ons; observed 2020 to 2025
Funds
How vehicles are groupedFeeders, parallels, executive funds, alternative investment vehicles and lettered sleeves are folded under the fund they belong to, read from the vehicle names. Deal-by-deal co-investment vehicles are pooled. Current funds come first: families are ordered by vintage, newest first, among those holding at least a twentieth of the largest family’s assets, then by size. The figure is the sum of each vehicle’s latest reported gross assets on Form ADV, not a fund size.Co-investment vehicles · 3 vehicles · vintage 2024$5.3B
- Cd&r Ferdinand Co-Investor Co-investment vehicle · 2024$2.3B
- Cd&r Opal Co-Investor Co-investment vehicle$1.7B
- Cd&r Associates XII Co-Invest Co-investment vehicle · 2023$1.3B
Decision makers
- Nathan Kerry Sleeper · Chief Executive OfficerWhy this person: Runs the firm (chief executive or president); Named with investment responsibility
Who else at this firm · 2 people, grouped by function
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Team
Where the team comes fromEach row names its source in short; hover the source for its full description. Sources on this list: SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites). A person named by two sources under two spellings is shown once, with both sources.- Chairman · since Oct 1, 2009
- Chief Executive Officer · since Jan 1, 2020
- Co-President · since Jan 1, 2020
Deals
How deals are mergedOne row per deal. A portfolio relationship and a transaction that describe the same deal (the same transaction, or the same company on the same date) are printed once, with the columns of both. 47 portfolio relationships and 5 transactions are on this record.| Date | Company | Deal | This firm’s role | Status | Partner | Source |
|---|---|---|---|---|---|---|
| Nov 17, 2025 | Sealed Air | Platform acquisition | Sponsor (confirmed) | active held 11 months | Rob Volpe (confirmed) | cdr.com |
| Aug 31, 2023 | Focus Financial Partners | Platform acquisition | Sponsor (confirmed) | active held 3.1 years | unknown | stonepoint.com |
| Apr 25, 2023 | Focus Financial Partners | Take-private | Sponsor (confirmed) | not in the portfolio read | unknown | sec.gov |
Portfolio credit
Where these figures come fromPortfolio companies matched to a BDC borrower by an identity-graded bridge, read from each BDC’s own schedule of investments: the lenders’ marks, their accrual footnotes, PIK and maturities. Observed, never forecast. Firms whose own BDC lends to the company are left out.- Principal held
- $881M
- 32 lenders
- Weighted mark
- 93.3
- unchanged on the quarter, same 13
- Maturing in 12 months
- 0
- none stated
- 13 portfolio companies on a BDC schedule at Jun 30, 2026: 2 with ownership stated current, 11 listed on a portfolio page with no date or status.
- Lenders mark them at 93.3 on cost, weighted by principal (13 borrowers with a mark inside the plausible band).
- On the 13 borrowers marked at both Mar 31, 2026 and Jun 30, 2026, the weighted mark moved 0 points; 3 fell 2 points or more and 3 rose 2 points or more.
- 1 borrower is on non-accrual by the BDCs' own footnotes; 0 were placed there at Jun 30, 2026.
- 1 borrower had PIK interest added or increased at Jun 30, 2026.
Show the credit outlook: 13 borrowers, 32 lenders, 8 quartersas of Jun 30, 2026
13 borrowers are in every figure above and named with Private Credit Intelligence.
32 lenders are counted here and named with Private Credit Intelligence.
| Quarter end | Held | Principal | Mark | Non-accrual placed | PIK added or up |
|---|---|---|---|---|---|
| Sep 30, 2024 | 10 | $705M | 98.0 | 0 | 0 |
| Dec 31, 2024 | 12 | $1.2B | 99.5 | 0 | 0 |
| Mar 31, 2025 | 12 | $871M | 97.7 | 0 | 0 |
| Jun 30, 2025 | 12 | $953M | 95.4 | 0 | 0 |
| Sep 30, 2025 | 12 | $1.0B | 97.0 | 0 | 0 |
| Dec 31, 2025 | 12 | $1.2B | 95.0 | 0 | 0 |
| Mar 31, 2026 | 13 | $935M | 91.5 | 1 | 0 |
| Jun 30, 2026 | 13 | $881M | 93.3 | 0 | 1 |
A look back at today’s portfolio companies, not a record of what the sponsor owned then. Mark is fair value over cost across every position inside the plausible band.
- A mark is the lender's own fair value over cost for the quarter. Below 90 means the lender carries the loan at a discount of 10 or more on the dollar; it is that lender's valuation, not DFX's.
- Two lenders on the same facility 10 points apart are valuing the same loan differently; which one is right is not something a schedule of investments says.
- Non-accrual is read from the BDC's own footnote, never inferred from a mark. PIK is interest the borrower pays in more debt rather than cash.
- No forecast is made here. DFX does not publish a default or distress prediction for a sponsor.
Population: portfolio companies matched to a BDC borrower by an identity-graded bridge, on a BDC schedule of investments at Jun 30, 2026, ownership not recorded as exited. Firms whose own BDC lends to the company, and private credit managers, are left out: that is lending, not ownership. Marks, principal and accrual status are the BDCs' own filed figures; the quarter before is Mar 31, 2026.
Placement agents, lenders, advisers and co-investors
- J.P. Morgan Securities LLC 5 shared · very strong · last Jan 1, 2023
- Lazard Freres & Co. LLC 4 shared · strong · last May 18, 2023
- HMC Itajubá 3 shared · strong · last Jan 1, 2023
LP commitments
How LPs are totalledOne line per LP, largest disclosed total first. A commitment that the same LP reports again in a later document is counted once in its total; both documents stay in the full list. Rows repeated line for line from one document are shown once.- 2025-06-304 commitments to 3 funds · $1.1B disclosed
- 2 commitments to 2 funds · $650M disclosed
- 2025-12-312 commitments · $240M disclosed
Events
- Sep 9, 2026Giovanni Caforio Appointed Operating Advisor to CD&R Funds
- May 6, 2026AMETEK Announces Agreement to Acquire Indicor Instrumentation
- Apr 16, 2026Clayton, Dubilier & Rice, LLC: Private Equity Funds on Form ADV 38 (2024 extract) -> 42 (roster 2026-09-01)
- Apr 9, 2026Sealed Air Announces Completion of Acquisition by CD&R
- Mar 19, 2026CD&R Expands Climate Leadership Program to Europe with Imperial Business School and Extends Columbia University Partnership in the U.S. for Second Year
Clayton, Dubilier & Rice, LLC is the same institution as 4 records in Allocators, Independent Sponsors, RIA and Wealth and Private Credit.
DFX found 4 relationships across 4 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Clayton, Dubilier & Rice, LLC sits on 146 traced paths of capital across the graphs.
DFX traced 146 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- Merged in2026-09-14
- Firm news2026-09-09source on record
- Firm news2026-05-06source on record
+34 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.